Business News
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Nepra asked to increase electricity rates by over Rs10 for K-Electric consumers
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[ad_1] A WAPDA worker fixes electricity wires on a pole in Islamabad on August 4, 2023. — Online The Energy Ministry Monday filed an application before the National Electric Power Regulatory Authority (Nepra), seeking an increase of Rs10.32 in three quarterly tariff adjustments (QTAs) for the consumers of K-Electric. The request by the ministry has…
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‘Plan afoot to provide up to Rs13,000 relief in electricity bills in Oct’
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[ad_1] Traders shout slogans as they hold their electricity bills during a protest against the surge in petrol and electricity prices in front of the Quetta Press Club in Quetta on August 29, 2023. — AFP ISLAMABAD: The interim government, amidst nationwide protests against inflated electricity bills, has formulated a plan to alleviate the burden…
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Pakistan is in a debt (death) trap | The Express Tribune
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[ad_1] KARACHI: During the last week the Pakistani Rupee achieved a historic first. It broke through the Rs300 barrier against the Dollar. Other firsts were also recorded: The price of petrol broke through the Rs300 per litre barrier. The cost of a unit of electricity rose to a historic high. More increases are forecast for…
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Time for caretakers to take care of rupee | The Express Tribune
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[ad_1] KARACHI: Enough is said about the consequences of Rs50 drop in the currency’s open market value in less than two months from Rs280 to Rs330 against king dollar. While a hurriedly conducted press conference was more of a message to the IMF about adhering to the plan, the nation is again undergoing tremendous amount…
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Sweetener turns sour amid high prices | The Express Tribune
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[ad_1] RAWALPINDI/ PESHAWAR: As the prices of electricity and petrol escalate, consumers are now faced with another blow as the price of sugar experiences an unabated rise, feeding the black market amid reports of smuggling and hoarding. The continuous surge in the price of sugar has led to an increase in the prices of…
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Long-awaited rail track to ferry Thar coal okayed | The Express Tribune
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[ad_1] KARACHI: Against the backdrop of nationwide protests regarding soaring power bills and mounting tensions with a Chinese coal extraction partner in Thar, the federal government has delivered long-awaited approval for a critical infrastructure project. The project entails the construction of a 105-kilometer railway line, linking Thar to Bin Qasim, with the aim to seamlessly…
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Tesla’s restyled Model 3 sedan enters show at Beijing trade fair
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[ad_1] Tesla’s Model 3 sedan. — Tesla Tesla launched its redesigned, China-built Model 3 sedan car a day earlier in a number of nations, and it debuted to the general public for the first time at a trade expo in Beijing. At the China International Fair for Trade in Services, the US manufacturer debuted a…
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Govt urged to curb dollar outflow | The Express Tribune
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[ad_1] LAHORE: Businessmen have urged the government to control dollar flight besides bridging the gap between inter-bank and open market exchange rates. “A widening divide between inter-bank and open market dollar rates and an uncontrolled dollar flight are posing a new challenge to the trade, industry and economy,” said Lahore Chamber of Commerce and Industry…
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Oil storage, trade policy sparks controversy | The Express Tribune
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[ad_1] ISLAMABAD: Amidst protests from the oil industry, the government has officially released policy guidelines aimed at encouraging foreign suppliers to invest in the storage and trade of petroleum products, including crude oil. This move involves allowing foreign suppliers and their registered subsidiaries to maintain inventories of crude oil and petroleum products within their own…
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Traders observe shutterdown strike against inflated power bills in Karachi
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[ad_1] Traders observe a shutterdown strike in Karachi on September 1, 2023. — Online Traders on Friday observed a complete shutterdown strike in Karachi against the bloated electricity bills amid backbreaking inflation. The recent massive hike in electricity bills has not only shaken the already-burdened domestic consumers but also the trader community across the country.…
